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Manta is the center of the Ecuador coast and currently the only city on the beach with its own airport. Many of our readers who take Ecuador real estate tours find Manta condos an excellent value and enjoy life there.

So we are happy to have this paid advertisement for these Manta beach condos.

Nerea Condos have begun.

Architect’s computer generated rendition of how these Manta condos will look when they are complete.

NEREA CONDOS

Every now and then there comes a great deal that really requires us to stop and take a look. Nerea is the right choice for our customers due to the combination of three major advantages it presents: location, quality of design and construction, and prices. All of them, backed up by the professionalism and experience of Atiaga & Iturbide, the Quito-based development firm.

Manta’s anthem refers to the city as “Nereid” in a warm tribute to its people. The Nereids were mythological figures of the sea, endowed with remarkable beauty and friendliness. Our project NEREA, therefore, honors such allusion.

LOCATION

The building is located in the Barbasquillo area, which is the new area of up-scale residential developments in Manta. It is conveniently close to downtown, yet distant enough to allow a quiet retreat. Recent investments in the area have resulted in increased property values for current and future owners. In addition to the pleasant weather of Manta, Barbasquillo enjoys an unobstructed view of the Pacific, which has been considered in the design of Nerea.

QUALITY OF DESIGN AND CONSTRUCTION

Suite

Atiaga & Iturbide is a Quito-based firm, seriously oriented to satisfying clients’ needs with high attention to architecture design. The distinguished design of Nerea is the result of US-trained professionals, who have enthusiastically worked to make Nerea unique in Manta.

Three bedroom unit.

Nerea is an 8-story development and the only building in town with apartments that run front to back, to allow ocean view in every apartment. The social areas in each apartment are oriented towards the ocean, with large windows that slide to extend the interior area into a private terrace.

Lounge

Bedrooms are set in the back, with sufficient windows to light the interiors, without excessive heat.

Penthouse

The layout also allows for natural ventilation of the apartments, thus reducing the need for air conditioning.

In addition to the 32 apartment units of 1, 2 and 3 bedrooms, the condos are complemented with two elevators, a pool and deck area, hot tub, meeting room, and 24 hour security. The entrance hall includes an elegant lobby and lounge areas. The top terraces are designed to keep a/c condensers and TV satellites in an ordered fashion, to prevent their location on the building’s facades. Additionally, 48 parking spaces and storage rooms are laid out in two underground levels.

PRICES

Nerea is an opportunity to acquire value-oriented property. Not only is this one of the best built buildings in Manta, but it is priced thousands under the current offerings. Sale prices per square meter (appx. 10 square feet) in Nerea are on average $850, ($85 a square foot) while competitors in the same area start at $1200 ($120 per sq. foot).

Our price strategy is feasible since the development is 100% financed and 30% of the units have been sold by the end of April 2011. Atiaga & Iturbide can therefore offer flexible conditions for apartment financing to final owners.

Typical financing plans consist of a) a front deposit of minimum 10% of the price in order to hold the apartment; b) a second payment through April 2012 consisting of monthly installments previously agreed by the parts; and c) a final payoff at the time the property title is signed between the parts. In proportion to the amounts paid through April 2012, clients are subject to considerable discounts (i.e. an 80% paid off by April 2012 is subject to a 10% discount). Nerea is also qualified by local banks, both public and private, in order to offer further financing alternatives for our valued clients.

FOR-SALE UNITS DESCRIPTION

Nerea offers 1-bedroom suites, and 2- and 3-bedroom apartments. Only the 3-bedroom apartments are offered up to two parking spaces and storage space, while the others are offered up to one parking space and storage space.

Our top-quality-based standards include porcelain and ceramic tiles in floors and kitchen, and bathroom walls; wood-paneled doors; MDF cabinetry in kitchens and closets; glass and aluminum in windows and balcony railings. Water heating is electrical (heater provided). Appliances (including a/c condenser) are not included.

Penthouse

A full list of finishes is part of the sales contract. All non-standard finishes and extra works required by the client come to a cost to the client, and are also part of the sales contract.

There is on-site attention by our sales representative, Richard Parker. Also, requests for further information, including financing alternatives, and apartment floor plans should be directed to the following contacts:

Ecuador Real Estate Mid Coast Tour

Mid Ecuador coastal real estate offers sun and sea… beauty and convenience from Manta to North of Bahia at a low cost.

Here are delegates overlooking Crucita.

Ecuadorliving.com was the first website to recommend Ecuador real estate nearly two decades ago and we continue to assist Ecuador Living Club members in arranging Ecuador tours as the most efficient way to learn about Ecuador’s real estate market.

Ecuador real estate markets have evolved to the point that group tours are counter productive. When Ecuador Living began, there was not enough property… easily reached… for sale. Little English was spoken and the properties were often hard to reach and spread far apart.

Today there are many properties and group tours can inhibit zeroing in on specific wants and needs.

Ecuador Living’s Real Estate Tour service helps its members create custom tours that fit each person’s schedule and particular desires.

The personalized tours are like AAA Trip Tics and help in three ways.

#1: The dates of your tour can be set to fit your schedule. Ecuador Living makes sure you don’t book a tour on holidays or times when you would not be able to see property.

#2: The tour service helps you zero in on your particular needs in real estate so you do not want to spend time viewing properties that are not of interest to you. Once we have your tour dates and specifications, we contact brokers, developers and sellers of real estate in advance to help focus your search.

#3: You can turn these tours into adventures and overall Ecuador introductory tours so you see many different areas of Ecuador as you wish.

Ecuador Personalized Real Estate Tours are the most efficient and inexpensive way to get an overall view of Ecuador real estate.

Because we are publishers who owe our loyalty to our readers and not real estate agents, you can be assured that the tours are based on your wishes, not on any broker’s desire to sell a specific property. Ecuador Living does not participate in any proceeds, commissions etc. from real estate sales.

For example if you only want to view farms with acreage and want to see farms in three areas… such as Cuenca, Imbabura and the coast we can help you organize a tour for this.

A recent article entitled “Building a charming destination” by Paola Vellejo in the Bienes Raices Clave (Key Real Estate), Ecuador’s leading real estate magazine shows how experienced we are in Ecuador real estate.

The article entitled “Building a charming destination” by Paola Vellejo in the Bienes Raices Clave (Key Real Estate), Ecuador’s leading real estate magazine shows how experienced we are in Ecuador real estate.

A translation of the article says: In conversation with Britain’s Steve Marchant, familiar with the housing boom of Cotacachi, you can see the origin of the phenomenon of its growing popularity as a destination for retirees is the result of the sum of a series of coincidences that inevitably arise from one person: Gary Scott. Scott was the spark that ignited the housing boom of Cotacachi for retirees.